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Gold climbs towards 7 week high as dollar, equities slide SINGAPORE: Gold edged towards a seven-week high on Thursday as a sell-off in global equities and the dollar burnished the metal's safe-haven appeal, though weaker oil prices capped gains.The dollar index fell for a fourth session in a row on strength in the yen, while Asian stocks eased on global growth concerns.Gold is seen as an alternative investment to riskier assets such as equities. Weakness in the greenback also makes dollar-denominated bullion more attractive.Five-year-low oil prices kept bullion gains in check. Gold tends to fall in tandem with oil as weaker energy prices dull the metal's appeal as a hedge against oil-led inflation."It is good that gold is able to stay above $1,200 despite another slump in oil prices. But it is a little bit concerning we haven't been able to build on it with the dollar weakening quite a bit," said a Hong Kong-based precious metals trader."If we stay ...

TOCOM rebounds after touching 7-week low on weak China data TOKYO: Benchmark Tokyo rubber futures rebounded on Wednesday as investors rewound short positions after the benchmark hit a seven-week low on weak economic data from China, the world's largest rubber consumer.The Tokyo Commodity Exchange rubber contract for May delivery finished 1.0 yen higher at 194.6 yen ($2) per kg. It earlier fell to as low as 190.8 yen, the lowest since Oct. 22."The market took a dive after weak China consumer price data, but it ...
Palm rebounds on higher exports in early December KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, rebounding from near one-week lows hit in the previous session, as data showing a rise in palm oil exports in early December helped reinforce some optimism about the outlook for demand.But weak Brent crude kept palm oil gains in check, as low crude prices raised concerns that buyers could shift fuel demand away from palm. Brent crude futures fell below $66 a barrel, prompted by a ...
Iron ore near 5-year low, Citi sees more pain SINGAPORE: Iron ore dropped to near its lowest level in more than five years, reflecting sustained pressure from a supply glut and slower Chinese steel demand, with Citigroup seeing further weakness early next year. China's steel and iron ore production is recovering after anti-pollution curbs imposed ahead of a global summit in Beijing early last month, Citigroup said. "However, more pain is expected in January, February, and beyond. Underlying Chinese steel demand is expected to ...
Gold holds close to 7-week high on safe-haven demand SINGAPORE: Gold was trading close to a seven-week peak on Wednesday as weakness in the dollar and global equities prompted investors to seek safety in the precious metal.The dollar index nursed hefty losses after a brutal shakeout of bullish positions, with investors finding excuses to take profits as the year-end looms.Global equities took a hit from political turmoil in Greece and after China's market posted its worst day in five years."The best chance for gold ...
Palm slips to lowest in nearly a week, hurt by falling crude prices KUALA LUMPUR: Malaysian palm oil futures dropped to their weakest in nearly a week on Tuesday, as plunging crude oil markets and falling soy prices stoked worries that buyers could shift food and fuel demand away from palm.But a soft local currency helped cushion palm's fall, traders said. Malaysia's ringgit was trading at 3.4820 on Tuesday, after sliding to 3.5030 per dollar in Monday's session - its lowest since September 2009."Palm is now following weak ...
Vietnam Coffee: Discounts widen, harvest in full swing HANOI: Thin buying at the start of the holiday season has slowed Vietnam's coffee trade in recent days despite a steady flow of fresh beans from the harvest peak, traders said on Tuesday.Buyer hopes that prices will soften after the holidays have also hit activity in the coffee export market in Vietnam, the world's largest producer of the robusta bean, traders said. "Buying demand is very low now," said a trader at a foreign firm ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln